"When i held CFE had 500m in the bank. How much do they have and...

"When i held CFE had 500m in the bank. How much do they have and in how many different companies ?"

A good question.


The answer shows that the money has been well spent.

Firstly there was a capital return and a dividend paid to holders. That was good value as far as I see it.

Secondly there was a purchase of the copper interests of a distressed company along with substantial holdings in other spec companies thrown in as a bonus. This will probably return more than three times the outlay.

Thirdly the iron ore investment in Africa has the potential to equal the Cape Lambert sale proceeds.

Fourthly, last but not least are all the other little investments that may make great returns for CFE. The last of which is taking an interest in one of my old dog stocks MHL. I hold MHL and had written it off but bought more today believing that Sage would not have taken a stake in the company without good reason.

Money left in the bank would have earned interest at little above the inflation rate. I'm happy to see it SPENT/USED. But DYOR.